The 1099 Form is essential for documenting payments made to vendors. InvoiceRunner can help you manage this process more efficiently and accurately.
In the intricate landscape of small business finance, the 1099 Form stands out as a critical document for tax reporting. Many vendors rely on these forms to accurately report non-employee compensation to the IRS. However, the process of gathering, verifying, and submitting these forms can be a nightmare—especially for accounting firms and finance teams that juggle multiple vendors and invoices. Common pain points include tracking payment amounts, ensuring all vendors receive their 1099s, and dealing with the inevitable errors that can arise from manual entries and paperwork.
InvoiceRunner alleviates these burdens by automating the entire invoice processing workflow. From email monitoring to AI data extraction, the platform streamlines the process of collecting and preparing information necessary for issuing 1099 Forms. By eliminating tedious activities like data entry, business owners can focus on more strategic tasks, ensuring compliance while maximizing efficiency. Moreover, with integration to accounting software, it syncs financial data directly, reducing the need for painstaking reconciliations.
After adopting InvoiceRunner, businesses experience a transformative change in their accounts payable operations. Not only do they save significant time—up to 10 hours a week—but they also improve accuracy rates to an impressive 99.2%. These efficiencies allow businesses to produce 1099 Forms in a timely manner and avoid costly penalties associated with late or inaccurate filings.
Common challenges faced every day
Purpose-built invoice automation
Tangible benefits that impact your bottom line
With automated invoice handling, gain back time for more strategic planning.
Minimize errors with AI extraction that works across all formats.
Keep your finances in check and avoid costly duplicate payments.
Integrate with your existing software for hassle-free data transfer.
Get started quickly with minimal setup time needed.
Handle increasing invoice volumes without the need for additional hires.
Everything you need to automate invoice processing
Monitor Gmail or Outlook 24/7 for invoice emails.
Never miss an invoice
Extract vendor, dates, amounts from any format.
No templates required
Verify calculations before syncing.
Catch errors automatically
Sync to Xero, QuickBooks, etc.
One-click sync
Check for duplicate invoices.
Prevent costly errors
Match to existing vendors.
Keep vendor data clean
Real scenarios from users like you
Business owners use InvoiceRunner to ensure all vendor payments are tracked, enabling easier filing of 1099 Forms.
Example: An accounting firm managing 50+ vendors can generate 1099s in days instead of weeks.
Teams can automate data extraction from PDF invoices, allowing for quicker processing times.
Example: A small business with frequent vendor payments reports up to 90% reduction in time spent on entry.
By maintaining complete vendor information, businesses ensure they meet all IRS requirements.
Example: A consultancy firm avoids fines by using timely processed records of 1099s.
Timely payments and accurate reporting strengthen relationships with vendors.
Example: A creative agency shares 1099s in real-time with their contractors, enhancing trust.
InvoiceRunner is designed to work with your existing tools
Link your Gmail or Outlook account securely.
Connect to your accounting software with one click.
InvoiceRunner extracts data automatically.
Draft bills appear for your review.
Seamless integration with popular platforms
“InvoiceRunner has completely transformed how we handle vendor payments. The time we save is remarkable, especially during tax season when we need to prepare 1099s.”
“We used to struggle with manual entries and errors, but now with InvoiceRunner, our invoices are processed accurately and effortlessly. Highly recommend it!”
Most users are up and running in under 5 minutes.
PDF, images (JPG, PNG), and scanned documents.
We use bank-grade encryption and never sell your data.
All invoices are created as drafts for your review.
Xero, QuickBooks, Zoho Books, FreshBooks, and Sage.
Yes! 10 free extractions, no credit card required.
Join businesses saving hours every week with InvoiceRunner.
Start Free TrialInvoiceRunner automates the tedious parts of accounts payable.